TORONTO -- Firan Technology Group reported its fourth-quarter net loss widened to $2 million, versus a loss of $218,000 last year.

For its fiscal year ended Nov. 30, sales rose 7% over 2009 and 6% sequentially to their highest mark in the past six quarters. At quarter's end, order backlogs were $14 million, up $300,000 year-over-year. Gorss margin rose 9.4 percentage points to 30.3%.

For the year, gross margin improved four percentage points over 2009 to 27.5%, despite lower revenues, and net debt was cut by $1.9 million. Sales fell 11% to $49.3 million, and the net loss more than doubled to $2.91 million. The lower US dollar had a negative effect of 9% on reported sales.

For the full year, the company's printed circuit board segment sales were down $6.1 million, or 14%, with approximately 60% of the decline due to the weaker US dollar.

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